Burgess Rawson is delighted to offer to the market Midland City LDV at 188 Great Eastern Highway, Midland WA 6056 for sale via Investment Portfolio Auction P174. The property has the following key highlights: + 12 year lease to 2030 plus options to 2055. + LDV: a SAIC Motor, Fortune Global 500 public company. + Landlord-favourable net lease, with tenant responsible for all outgoings. + Annual CPI + 1% rent reviews. + Immaculate 549sqm* freestanding dealership incorporating showroom, offices, and workshop. + Landmark 1,369sqm* freehold site with frontage and clear visual exposure to 26,000 vehicles passing daily on Great Eastern Highway. (1) + Booming Car Sales Industry: 97,202 new car sales sold across Australia in April 2024 up 18.3% Year-on-Year. (2) + Midland/Midvale’s average number of vehicles per household is 1.9, well above the national average of 1.76. (1) + Position perfectly within the Midland dealership precinct, amongst Kia, Suzuki, Hyundai, MG, Nissan, plus more. + City of Swan: Booming growth location, 20km* north-east of Perth CBD, with population forecast to grow 88%* by 2055. (3) + Net income: $146,720pa* + GST To be sold by Investment Portfolio Auction: 10:30am AEDT Wednesday 19 February 2025 Crown Casino, River Room, Melbourne Please contact the exclusively appointed sales team for more information. WA Office Brodie Keay 0403 552 809 Chris Carcione 0415 393 082 Richard Giorgi 0468 697 093 Melbourne Office Raoul Holderhead 0413 860 304 Matthew Wright 0458 290 588 *Approx 1 GapMaps 2 FCAI 3 .id
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street, Melbourne, Vic
Burgess Rawson - Perth
Level 10, 225 St Georges Terrace, Perth, WA
Immobiliare ID: 504771212